Boomers theme park

PETALING JAYA: The settlement of the legal dispute between Genting Malaysia Bhd and Twentieth Century Fox via a restated memorandum of agreement, which grants Genting the use of certain Fox intellectual properties (IP), is a positive move, said analysts. Following the full resolution of the legal dispute between the two parties, PublicInvest Research has revised upwards its visitor growth assumption, which it cut to 3%, after the announcement of the legal proceedings in November 2018. “As such, we raise our FY20-FY21 earnings by 5-11% after factoring in higher visitor arrival of 5-6%,” it said in a report last Friday. Despite the positive view on the resolution, the research house believes that the restated agreement contains less attractive terms for Genting, compared with the original agreement since it is only allowed to utilise certain Fox IP and the theme park would have to blend in non-Fox IP. It also said that the theme park will be renamed, possibly without the Fox … [Read more...] about End of theme park dispute a positive for Genting

PETALING JAYA: Genting Malaysia Bhd and Genting Bhd were the top gainers on Bursa Malaysia today, driven by the possible earlier-than-expected opening of Resorts World Genting’s (RWG) outdoor theme park. Genting Malaysia surged 7.25% to close at RM3.70 with 57.67 million shares traded, while Genting rose 3.31% to close at RM6.87 on volume of 11.96 million shares. According to Maybank IB Research, RWG’s full-page job advertisements for its theme park division in local newspapers over the last two weeks suggest that the outdoor theme park could be ready to open soon. “We are optimistic that the outdoor theme park will drive Genting Malaysia’s next phase of earnings growth regardless of whether it opens in the first quarter of 2021 as we expect or earlier,” it said in a research note today. The outdoor theme park, which is the subject of a US$1 billion (RM4.12 billion) lawsuit between Genting Malaysia and Fox/Disney, is about 95% complete as at July 2019. … [Read more...] about Genting stocks jump on optimism over outdoor theme park opening

GEORGE TOWN: A theme park in Penang is set to introduce the world’s longest water slide this August.The slide at the Escape Theme Park in Teluk Bahang is still under construction and will measure 1,140m in length with a height of 70m.When launched, it will overtake the 605m New Jersey water slide created in 2015, currently the Guinness record holder.Escape Theme Park chief executive officer Sim Choo Kheng said Guinness World Records officials will test the ride before recognising it as the world’s longest."Our plan was to build a water slide which would enable visitors to view the whole park and we did not intend to break the world record. Nevertheless I am proud of what we have achieved," he told reporters on Sunday (Jun 23).He said the features of the land surfaces were fully utilised and protecting the trees in the surrounding areas was the biggest challenge in the construction process."I am overly concerned over the environment here so … [Read more...] about Penang theme park to feature world’s longest water slide

Widely beloved animation studio Studio Ghibli has published a tentative logo for its upcoming theme park. Studio Ghibli is a Japanese animation studio with a long history of memorable movies in its repertoire. From its first movie, Laputa: Caste in the Sky released in 1986, Ghibli has grown to be a key actor in the anime industry. The studio is often compared to entertainment conglomerate the Walt Disney Corporation. It isn’t surprising to see Ghibli take a similar route in establishing a theme park of its own. The logo was first released by the governor of Aichi Prefecture, Hideaki Ohmura, through a tweet. It was illustrated by company cofounder and animator Hayao Miyazaki. Read also: Japan plans Studio Ghibli theme park Along with the logo, Hideaki has also released new information regarding the project. The park is divided into five main areas, the Hill of Youth, Big Warehouse, Dondoko Forest, Princess’ Mononoke’s village and Valley of the Witches. The … [Read more...] about Studio Ghibli reveals theme park logo

Lifestyle Fans of the Japanese animation studio can visit five themed areas based on films such as Howl’s Moving Castle. 04 Jun 2019 10:50AM (Updated: 04 Jun 2019 10:51AM) Bookmark Fans of Studio Ghibli will be able to immerse themselves in the legendary Japanese animation studio’s worlds come 2022. The Studio Ghibli theme park is slated to open then at the Expo Aichi Commemorative Park, near Nagoya, Central Japan. Additional attractions will open a year later.The project is a partnership between the studio, the Aichi Prefectural government and the Chunichi Shimbun newspaper.The news was announced at a press conference in Tokyo attended by Ghibli producer Toshio Suzuki, Aichi governor Hideaki Omura and Chunichi CEO Uichiro Oshima.The theme park’s logo was also revealed during the event. It was created by the two living founders of Studio Ghibli: director Hayao Miyazaki and Suzuki. Miyazaki came up with the first word “Ghibli” while Suzuki … [Read more...] about Studio Ghibli theme park to open in Japan in 2022